Andrew and his family had freshly arrived in the United States and the young Carnegie was eager to work. He took his first job at age 13 when an industrial textile weaver offered him employment as a bobbin-boy. Weaving was something Andrew knew a little about, in that his father had supported the family…
Ever wonder why some people are wealthy and others are not? Do they take more risks? Do they start with more money? Are they smarter? Are they more passionate or more ambitious? Is it because they are in the right place at the right time, or are there other reasons? It does not take much…
“You want to be greedy when others are fearful.” Warren Buffett said that in an interview with Charlie Rose. Warren knows a thing or two about investing. He bought low-risk cash flow when it was on sale. Tech heroes have created enterprises that sell for bigger multiples. People who buy tech stocks are paying now…
Previously, I reported that household debt rose to a record high in the first quarter, but also that household balance sheets improved to the best level in years, according to the Federal Reserve. Well, new Fed data came out with some specific numbers.